What are the main use cases for Stellar Lumens in the cryptocurrency industry?

1 answers

• Dec 27, 2021 · 3 years ago
  Stellar Lumens (XLM) is a cryptocurrency that serves multiple use cases in the industry. One of the primary use cases is its role in facilitating cross-border payments and remittances. With its fast transaction confirmation times and low fees, Stellar Lumens provides a cost-effective solution for individuals and businesses looking to send money internationally. Additionally, Stellar Lumens can be used for creating and issuing tokens on the Stellar blockchain, enabling the tokenization of various assets. This opens up opportunities for fractional ownership, increased liquidity, and more efficient trading. Furthermore, Stellar Lumens plays a crucial role in supporting decentralized exchanges, providing a bridge currency for seamless trading between different cryptocurrencies. Overall, Stellar Lumens offers a robust platform for various applications in the cryptocurrency industry.
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